Barack Obama: We Will Make BP Pay For Its Oil Spill
U.S. President Barack Obama has told the American people the energy company BP will be required to pay for all the damage caused by its giant oil spill in the Gulf of Mexico. It was the president’s first nationally-televised address from the Oval Office since he took office 17 months ago. Eight weeks after BP’s Deepwater Horizon...
Obama steps up pressure on BP for oil spill fund
U.S. President Barack Obama wants oil company to set aside billions of dollars and to set up independent claims procedure. Obama is turning up the heat on BP PLC, demanding that London-based company set aside billions of dollars in a reserve account and speed up its compensation plan for Gulf residents. Mr. Obama, who is under pressure himself...
Stock market slumps on banking, economic concerns
The stock market sank Friday into its worst three-day slide since the depths of last year’s financial crisis, stung by deepening concern about President Barack Obama’s bank-regulation plan and fresh economic doubts. The Dow Jones industrial average sank more than 200 points – its third triple-digit loss in a row. The index...
U.S. sending rescue to Haiti
The U.S. on Tuesday was dispatching disaster rescue teams to earthquake-stricken Haiti, where a U.S. official said a “serious loss of life” was expected. President Barack Obama said his thoughts and prayers were with the people of Haiti and that the U.S. stood ready to help the impoverished Caribbean nation. While telephone lines...
Barack Obama arrives at climate talks
American President Barack Obama has arrived in Denmark for the last day of the Copenhagen climate change conference. He will be joined later by 118 world leaders, hoping to come to an agreement on how to deal with our warming planet. Politicians held talks late last night to try and reach a resolution. Officials in Denmark said there was the...
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